Transnet plans to expand capacity at its ports, railway and pipelines over the next five year. The key projects that have been approved include the expansion of the coal line and the iron-ore export channel, including upgrades to the rail line and port system; the widening and deepening of the Port of Durban entrance channel, the redevelopment of Pier 1 as the container- handling facility, and an increase in capacity of the car terminal; the widening, deepening and equipping of the Cape Town container terminal; the refurbishiment and renewal of the freight rolling stock; the continued development of the Port of Ngqura; and the construction of a multipurpose pipeline.

As part of Transnet’s investment plan, the company and the four unions representing its staff have signed an agreement on the restructuring of the parastatal. Transnet plans to exit noncore businesses involved in passenger rail services, tourism, aviation, property, baggage handling, telecommunications, financial services and road transport.

Transnet has been given permission by the State to privatise some business or some parts of its business units, such as Freightdynamics, the Transnet Pension Fund Administration, Autopax and the Blue Train; to transfer SAA, Metrorail and Shosholoza Meyl out of Transnet, though these would remain publicly owned; and to transfer sections of some rail engineering workers from Transnet Freight Rail (TFR) to Transnet Rail Engineering (TRE).

Value Transnet is expected to spend an estimated R80,3- billion over the next five years. TFR (formerly Spoornet) will now spend R38,03-billion, TRE (formerly Transwerk) R2,29-billion, Transnet Pipelines (formelry Petronet) R 11,96-billion, Transnet Port Terminal (TPT) (formerly South Africa Port Operations) R9,63-billion, and the Transnet National Port Authority (formerly National Ports Authority) will spend R16,36-billion.

The programme will be rolled out over a period of five years.

Key Contractors and suppliers :

Protekon, Mars and Murray & Roberts Union Carriage, Investec and Deutsche Bank, Wagon Build, Smorgon Steel and EMD.

Contact details for project information TPT, Tel +27 31308 8333.

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